Friday, February 15, 2008

Tender For Playfair Road Industrial Site Closes With 12 Bids

Source : Channel NewsAsia, 14 February 2008

The tender for an industrial site at Playfair Road has attracted strong bids.

There were 12 bids for the 8,600 square metre site.

The highest bid of S$33 million was submitted by Trio Link Development. It works out to about S$142 per square foot per plot ratio.

According to property consultants CB Richard Ellis, this was the highest bid ever for a 60-year leasehold industrial site.

The Playfair Road site was opened for public tender on 10 January this year. - CNA/ac

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